Al Franken’s announcement of his pending resignation completes his descent from Progressive Saint to something of a pariah figure. But like others whose stars have fallen during this moment of Continue ReadingAl Franken’s Complex Legacy and the Credit Rating Business
Given the economic tumult in China, we thought it would be worthwhile to get some perspective from that nation’s largest independent credit rating agency – Dagong. A check of its Continue ReadingA Critical Review of Dagong’s Rating Methodology
In its settlement with the Department of Justice, S&P has backed off its assertion that the federal lawsuit was filed in retaliation for its 2011 downgrade of US Treasury debt. Continue ReadingS&P Settles: Now How About that US Bond Rating?
On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys general. The issues primarily involved ratings of Commercial Mortgage Continue ReadingSEC Shines a Light on Inflated CMBS Ratings
The sovereign and municipal debt crisis of the early 2010s is finished. Overblown predictions of a credit meltdown among European sovereigns, US states and cities, and other advanced economy governments Continue ReadingGovernment Credit Crisis Over – So Where are the Upgrades
On November 28, 2001 Enron lost its investment grade credit rating. Four days later, the company filed for bankruptcy. Those awaiting a similar collapse after Puerto Rico’s descent into junk Continue ReadingPuerto Rico Rating Downgrades: Enron Redux?